Agri profits up, ASB sticking with $10 and Westland cuts coal use

Agri profits up, ASB sticking with $10 and Westland cuts coal use
On-farm input costs, extreme weather impacts and covid disruptions has put pressure on farmer's bottom lines. (Image: Getty)
Riley Kennedy
High commodity prices and rural land valuation increases have helped a range of primary sector companies lift their profits.However, some point to rising costs, extreme weather impacts and covid disruptions as putting pressure on their bottom lines.One of those was crown-owned farming company Pamu. It achieved a net profit of $59 million, more than double its profit of $29m the year before.The increase in profit was due to an $18m book value gain from the reversal of historical revaluation losses on land and buildings, as well as a $20m fair va...

More Finance

Critic says Govt 'missing the point' on AML
Finance

Critic says Govt 'missing the point' on AML

Critic says problems with AML/CFT come down to how rules have been interpreted.

Dileepa Fonseka 08 Jul 2025
TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

Denise McNabb 07 Jul 2025
JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million.